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AUTUMN BUDGET OCTOBER 2021

By |December 20th, 2021|Uncategorised|Comments Off on AUTUMN BUDGET OCTOBER 2021

This was a quiet budget for tax, but we set out below the main points arising, including confirmation of tax rises announced in the Spring. 

INCREASE IN CORPORATION TAX RATES REAFFIRMED

The intention to increase the corporation tax rate from 19% to 25% announced in the Spring budget was reaffirmed, despite unexpected improvements to the economy. […]

HAVE YOU CLAIMED YOUR COVID RESTART GRANT?

By |May 5th, 2021|Uncategorised|Comments Off on HAVE YOU CLAIMED YOUR COVID RESTART GRANT?

The Restart Grant scheme supports businesses in the non-essential retail, hospitality, leisure, personal care and accommodation sectors with a one-off grant, to reopen safely as COVID-19 restrictions are lifted.

How much can you get?
Eligible businesses in the non-essential retail sector may be entitled to a one-off cash grant of up to £6,000 from their local […]

Budget 2021 Summary

By |March 8th, 2021|budget 2021|Comments Off on Budget 2021 Summary

We set out our summary of the Chancellor’s Budget on 3 March 2021. He announced the extra cost to the economy of the Coronavirus crisis is £350 billion, the economy will shrink by an unprecedented 10% and unemployment has increased by 700,000 and has not yet peaked. He was positive though about the expected […]

OPTIONS FOR PAYING YOUR VAT DEFERRED FROM MARCH TO JUNE 2020

By |February 22nd, 2021|Uncategorised|Comments Off on OPTIONS FOR PAYING YOUR VAT DEFERRED FROM MARCH TO JUNE 2020

If you deferred VAT payments due between 20 March and 30 June 2020 and still have payments to make, you can:

pay the deferred VAT in full, on or before 31 March 2021
join the VAT deferral new payment scheme and pay the deferred VAT in up to 11 instalments
contact HMRC on Telephone: […]

CONSTRUCTION INDUSTRY : REVERSE CHARGE FOR VAT

By |February 9th, 2021|Uncategorised|Comments Off on CONSTRUCTION INDUSTRY : REVERSE CHARGE FOR VAT

This was delayed but now comes into force from 1 March 2021
What does it mean?

The measure will, for supplies of construction services (within the Construction Industry Scheme), mean that the customer will be liable to pay the VAT to HMRC rather than pay it to the supplier. The supplier will therefore just receive the […]

Coronavirus Update-6 January 2021

By |January 6th, 2021|Uncategorised|Comments Off on Coronavirus Update-6 January 2021

Happy new year everyone. It is likely to be a difficult first quarter and then let us hope that the effects of the vaccination programme will enable us to gradually return to normal.

In view of the national lockdown, yesterday the Chancellor announced –

One-off top up grants for retail, hospitality and leisure businesses worth […]

EXTENSION OF ORIGINAL FURLOUGH SCHEME

By |December 18th, 2020|Uncategorised|Comments Off on EXTENSION OF ORIGINAL FURLOUGH SCHEME

The government has extended the Coronavirus Job Support Scheme that was due to end on 31 October. The scheme will remain open until 31 March 2021.
SAME PERCENTAGE AS THE ORIGINAL SCHEME
For claim periods running to January 2021, employees will receive 80% of their usual salary for hours not worked, up to a maximum of […]

Client Portal Upgrade Notification

By |December 18th, 2020|Uncategorised|Comments Off on Client Portal Upgrade Notification

In the week commencing the 9th November we will be upgrading our client portal, otherwise known as CCH OneClick, to utilise Multi-Factor Authentication (MFA). This provides additional security when you log in.

The upgrade will allow you to choose either email, text or an authentication app to receive a code to use in addition to […]

UPDATED SUPPORT FOR BUSINESSES AFFECTED BY COVID 19

By |December 18th, 2020|Uncategorised|Comments Off on UPDATED SUPPORT FOR BUSINESSES AFFECTED BY COVID 19

In recognition of the challenging times ahead, the Chancellor said he would be increasing support through the existing Job Support and self-employed schemes, and expanding business grants to support companies in high-alert level areas.

Job Support Scheme (JSS) – updated
The original furlough scheme ends 31 October and a new one starts, which will run for […]

Winter Economic Plan

By |December 18th, 2020|Uncategorised|Comments Off on Winter Economic Plan

The Chancellor has announced the following measures to assist businesses throughout the winter period, given the continuing and growing Coronavirus pandemic.

New Job Support Scheme
To support viable UK employers who face lower demand due to COVID-19, and to keep their employees attached to the workforce, the government will be introducing a new Job Support Scheme […]

CORONAVIRUS UPDATE – STAFF HOLIDAY ENTITLEMENT

By |July 30th, 2020|Uncategorised|Comments Off on CORONAVIRUS UPDATE – STAFF HOLIDAY ENTITLEMENT

The period of lockdown and beyond has meant that many staff have not taken much in the way of holiday this year, either because they cannot travel or they are on furlough. We thought it would be useful to share what the government have released on the subject. This should not be construed to […]

Coronavirus Update – 9 July 2020

By |July 30th, 2020|Uncategorised|Comments Off on Coronavirus Update – 9 July 2020

The following measures were announced by the Chancellor yesterday.

Job retention bonus
The government will introduce a one-off payment of £1,000 to UK employers for every furloughed employee who remains continuously employed through to the end of January 2021. Employees must earn above the Lower Earnings Limit (£520 per month) on average between the end of […]

CORONAVIRUS – UPDATE OF GOVERNMENT MEASURES

By |June 24th, 2020|Uncategorised|Comments Off on CORONAVIRUS – UPDATE OF GOVERNMENT MEASURES

Coronavirus Job Retention Scheme (Furlough)
The scheme is changing:
Flexible furloughing
From 1‌‌ July 2020, you’ll have the flexibility to bring previously furloughed employees back to work part-time – with the government continuing to pay 80% of wages for any of their normal hours they do not work up until the end of August. This flexibility comes a […]

HOW TO CLAIM THE SELF EMPLOYED CORONAVIRUS GRANT

By |June 24th, 2020|Uncategorised|Comments Off on HOW TO CLAIM THE SELF EMPLOYED CORONAVIRUS GRANT

As we mentioned in yesterday’s newsletter, inexplicably, HMRC have announced that the self-employed cannot ask their Accountant to make the claim on their behalf.

To make the claim you have to have your own government gateway account. Most of you will not have one, as we normally access your affairs for you via our government […]

Coronavirus Bounce Back Loan Scheme

By |May 5th, 2020|Uncategorised|Comments Off on Coronavirus Bounce Back Loan Scheme

 Reminder of the basics
This has been reported to be available from today. It is designed to plug the gap due to loss of income until lockdown is ended and/or business returns to normal.

The Bounce Back Loan scheme helps small and medium-sized businesses to borrow between £2,000 and £50,000. (Subject to a limit of 25% […]

Coronavirus Update 04/05/2020

By |May 4th, 2020|Uncategorised|Comments Off on Coronavirus Update 04/05/2020

Top-up to local business grant funds scheme
A discretionary fund has been set up to accommodate certain small businesses previously outside the scope of the business grant funds scheme. This is an addition to the premises based grants previously announced of £10,000 where full business rates relief applied or £25,000 for specific industries in retail, […]

CORONAVIRUS – BOUNCE BACK LOAN SCHEME

By |April 30th, 2020|Uncategorised|Comments Off on CORONAVIRUS – BOUNCE BACK LOAN SCHEME

Details of the recently reported new loan scheme have been released as follows.
Basic details

The Bounce Back Loan scheme will help small and medium-sized businesses to borrow between £2,000 and £50,000.
The government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.
Loan terms will […]

Furlough Claims and Payments

By |April 30th, 2020|Uncategorised|Comments Off on Furlough Claims and Payments

Just to be clear-
1 – The grant you will claim will comprise of three parts –

80% of appropriate GROSS pay
Employers National Insurance on furloughed pay
Auto enrolment pension contributions on furloughed pay

2 – The furloughed pay is subject to PAYE and NIC, like normal pay and you will pay your furloughed staff […]

Job Retention Scheme- Furloughing Employees- Latest

By |April 30th, 2020|Uncategorised|Comments Off on Job Retention Scheme- Furloughing Employees- Latest

Scheme extended
The government have just announced that the scheme originally intended to be in place for 3 months March to May has been extended to 30 June.

Claim portal now open
This is now available from today and we have started to make the claims for furlough grants on behalf of the clients that we operate […]

JOB RETENTION SCHEME – FURLOUGHING EMPLOYEES

By |April 30th, 2020|Uncategorised|Comments Off on JOB RETENTION SCHEME – FURLOUGHING EMPLOYEES

Here are some updates and reminders on the above scheme.

Getting ready to make your first furlough grant claim

The online service we will all use to claim is not available yet. HMRC expect it to be available by 20th April.
If Bayliss Ware operate your payroll, rest assured we are gearing up to make the first […]

COVID-19: Company Directors & Shareholders

By |April 30th, 2020|Uncategorised|Comments Off on COVID-19: Company Directors & Shareholders

Many small companies are run by just one or two directors and have no other employees. What government financial support is available to director/shareholders during the coronavirus crisis?

A director or company officer is an employee for PAYE purposes, so a director cannot claim the COVID-19 Grant for the self-employed by virtue of holding […]

CORONAVIRUS UPDATE – 6 APRIL 2020

By |April 30th, 2020|Uncategorised|Comments Off on CORONAVIRUS UPDATE – 6 APRIL 2020

Sole directors and the Coronavirus Job Retention Scheme
There are over a million sole director/shareholder owner-managed limited companies in the UK who don’t qualify as self-employed individuals (although they will complete an income tax self assessment return). Typically, they take some remuneration through PAYE by way of salary, usually at a level just above the […]

CORONAVIRUS – UPDATE ON THE JOB RETENTION SCHEME FOR FURLOUGHING EMPLOYEES

By |April 22nd, 2020|Uncategorised|Comments Off on CORONAVIRUS – UPDATE ON THE JOB RETENTION SCHEME FOR FURLOUGHING EMPLOYEES

The awaited detail of how the scheme will work has been released by the government. We set out the further appropriate detail to update our earlier newsletter on the subject.

When will the grants be available?
We expect the scheme to be up and running by the end of April. Hopefully this will coincide with the […]

CORONAVIRUS UPDATE – SUPPORT FOR THE SELF EMPLOYED

By |March 29th, 2020|Uncategorised|Comments Off on CORONAVIRUS UPDATE – SUPPORT FOR THE SELF EMPLOYED

Self-employment Income Support Scheme
The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) who have lost income due to coronavirus (COVID-19).
This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months. This […]

CORONAVIRUS UPDATE – GOVERNMENT JOB RETENTION SCHEME

By |March 29th, 2020|Uncategorised|Comments Off on CORONAVIRUS UPDATE – GOVERNMENT JOB RETENTION SCHEME

We set out current known facts concerning the potential furloughing of staff during the outbreak, with some practical advice

Here is what the government are currently saying:
Support for businesses through the Coronavirus Job Retention Scheme
Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their […]

Coronavirus Update- VAT Payments

By |March 29th, 2020|Uncategorised|Comments Off on Coronavirus Update- VAT Payments

This is an important note for any VAT registered businesses that wish to take advantage of the government offer not to pay their VAT falling due in the period 20 March 2020 to 30 June 2020.

If you choose to do that but pay by direct debit, HMRC have said that you need to cancel […]

Coronavirus Update 23/03/2020

By |March 29th, 2020|Uncategorised|Comments Off on Coronavirus Update 23/03/2020

We set out the current and updated package of measures introduced by the government to support businesses through the crisis.

A summary of these is as follows.

a Coronavirus Job Retention Scheme
deferring VAT and Income Tax payments
a Statutory Sick Pay relief package for SMEs
a 12-month business rates holiday for all retail, hospitality, […]

Coronavirus Update-18/03/2020

By |March 29th, 2020|Uncategorised|Comments Off on Coronavirus Update-18/03/2020

LATEST PACKAGE OF SUPPORT FROM THE GOVERNMENT FOR BUSINESSES
The government has unveiled a £350 billion package of financial measures to shore up the economy against the coronavirus impact.

The Chancellor said –

“That means any business who needs access to cash to pay their rent, their salaries, suppliers or purchase stock will be able to access […]

Bayliss Ware Working from Home

By |March 29th, 2020|Uncategorised|Comments Off on Bayliss Ware Working from Home

In line with government advice regarding the Coronavirus outbreak, we have taken the decision to work from home from Wednesday 18 March until further notice. Therefore, from then we will not be available in the office for visitors.

Beyond that it will be business as usual. We would like to reassure you that we have […]

BUDGET SUMMARY – MARCH 2020

By |March 29th, 2020|Uncategorised|Comments Off on BUDGET SUMMARY – MARCH 2020

BUDGET SUMMARY – MARCH 2020
Here are the points arising in the budget that we would like to draw to your attention. Our full budget report will be available in the coming days.
Entrepreneurs Relief
It was widely reported that this valuable relief might be abolished. It was claimable on appropriate lifetime gains up to £10 million. […]

Coronavirus Support

By |March 29th, 2020|Uncategorised|Comments Off on Coronavirus Support

Government Announcement
The government announced a package of measures in the budget to support businesses through the coronavirus crisis. The Chancellor recognised that many businesses will be affected by an interruption in trading and loss of staff due to illness or self-isolation. We would summarise the measures as follows –
Statutory Sick Pay
This is currently paid […]

Budget – Summer 2015 – Highlights

By |July 17th, 2015|Uncategorized|Comments Off on Budget – Summer 2015 – Highlights

Here are some particular points we want to highlight to you from the post election budget. Further detail can be found in our budget summary.

 

Change to tax on dividends

In a surprise announcement, the Chancellor has said that from 6 April 2016, dividends will be taxed at a higher level than currently. This is potentially […]

Budget 2015

By |March 20th, 2015|Uncategorized|Comments Off on Budget 2015

Please access our full Budget report Here

We set out below some highlights. Please read the detail of these and other subjects in the full budget report.

No tax returns, digital tax accounts instead?

The chancellor announced a significant change whereby tax returns as such will not be required in the future from small businesses and individuals. […]

Some tips on how to communication stronger by knowing other’s preferred thinking senses!

By |March 18th, 2015|Uncategorized|Comments Off on Some tips on how to communication stronger by knowing other’s preferred thinking senses!

Understanding these can assist communication channels immensely as human beings process information by using the five senses of seeing, hearing, feeling, smelling and tasting. These allow the mind to code and understand what is happening. Some will be more developed or favoured than the others and it is these preferred senses that will be […]

Pre-Tax Year End Planning

By |March 12th, 2015|Uncategorized|Comments Off on Pre-Tax Year End Planning

Click here to see our Pre-tax year end planning fact sheet.

Winchester Ladies Hockey Update

By |February 4th, 2015|Uncategorized|Comments Off on Winchester Ladies Hockey Update

We are well into the second half of this season with about 7-8 games to go.

After a poor end to 2014, and string of wins since Christmas the ladies find themselves back up into 2nd place.

Aldershot and Farnham 2 – 3 Winchester Win
New Forest 1 – 7 Winchester Win
Alton 2 – 3 Winchester Win
Hamble […]

The 9 Hit list of common time-management mistakes … Prt 2 of 2!

By |January 5th, 2015|Uncategorized|Comments Off on The 9 Hit list of common time-management mistakes … Prt 2 of 2!

Part 2 of 2: A fortnight ago we started off by discussing the first 5 parts of mistakes so commonly made in managing the tasks we have in the time to achieve them. How we manage the task is what is imperative. Time continues regardless and there are always 60 minutes in an hour, […]

The 9 Hit list of common time-management mistakes … Pt 1 of 2!

By |December 12th, 2014|Uncategorized|Comments Off on The 9 Hit list of common time-management mistakes … Pt 1 of 2!

With so many demands on our valuable time, Coaching to Success thought it wise to share their hit list of 9 Slipups people often make when it comes to managing what they have to do in the time available!

And to insure that you have the time to follow these steps through and give them […]

2014 AUTUMN STATEMENT

By |December 11th, 2014|Uncategorized|Comments Off on 2014 AUTUMN STATEMENT

On Wednesday 3 December, the Chancellor presented his autumn statement, some selected highlights of which we want to bring to your attention.

Countering tax anti-avoidance
We can all perfectly legally organise our tax affairs to minimise taxation within the rules and we advise our clients in this area as a regular part of our work.

However the […]

Top 8 tips on delivering truly powerful presentations

By |December 1st, 2014|Uncategorized|Comments Off on Top 8 tips on delivering truly powerful presentations

I was recently fortunate enough to watch Chris Packham displaying his photography while presenting his passion for saving wildlife around the world.

PresentationHis fervour was evident through his deliverance which then got me thinking about how, as businesses people, we frequently have to do presentations. Although I now have no worry of standing up in […]

The 7 secrets of good leaders

By |November 20th, 2014|Uncategorized|Comments Off on The 7 secrets of good leaders

So where do you get your inspiration from? Who in your team(s) shows that spark to become a great leader? And how are you stopping them from doing this? Yes, you read that correctly as I too have been guilty of that.

As a director, I had a team member who really wasn’t pulling their […]

Employment law changes 1st Oct

By |November 13th, 2014|Uncategorized|Comments Off on Employment law changes 1st Oct

Changes to Employment Law effective as of 1 October 2014



There are a number of legal changes which came into effect from 1 October 2014, which employers must be aware of. These are as follows: 



Fathers’ right to time off for antenatal appointments 
From 1 October 2014, the Children and Families Act allows fathers-to -be and […]

HMRC scam

By |November 13th, 2014|Uncategorized|Comments Off on HMRC scam

We are aware that there is a new bogus email which is phishing scam aimed at taxpayers. The email which is supposed to come from HMRC states that the recipient is no longer eligible to receive a tax return and needs to sign up with their current details to get back into the system.

It […]

Get connected

By |November 13th, 2014|Uncategorized|Comments Off on Get connected

Great news for SMEs!

If your business struggles with internet connection speed, a new Government voucher scheme is provides vouchers (grants) for super-fast broadband installation.

This can only be good news for those that are eligible, as businesses strive for greater efficiency and getting closer to customers/clients.

Use the post code checker here to see if […]

Winchester Ladies Hockey Club update

By |November 13th, 2014|Uncategorized|Comments Off on Winchester Ladies Hockey Club update

If your not aware we are proud sponsors of the Winchester Ladies Hockey Club.

Last week they played Hamble away and to our delight won 2-1 after a fierce battle.

If you remember us reporting the ladies we got in to the National Vase final in Nottingham last year. We’ll this month the competition started […]

Team Kyudokan’s first squad trials

By |November 11th, 2014|Uncategorized|Comments Off on Team Kyudokan’s first squad trials

Last Sunday saw Team Kyudokan’s first squad trials – and they were a fantastic success. Congratulations to everyone involved.

The trials were led by Team Coach Dan Fyfe and supported by Sensei Perry Bayliss who did an amazing job coaching students on all aspects of competition fighting.

Everyone said it was a fun (but very exhausting!) […]

A night with the Foo Fighters!

By |October 2nd, 2014|Uncategorized|Comments Off on A night with the Foo Fighters!

One of our clients, Richard of RICHARD CHASE EVENTS was asked if he minded looking after a band for free for a day. It was only The Foo Fighters who were in the UK to perform at the Invictus Games closing party!

He spent the day in their inner circle, watching them rehearse & prepare […]

Terminal illness -“not a reasonable excuse” for late tax payment

By |October 2nd, 2014|Uncategorized|Comments Off on Terminal illness -“not a reasonable excuse” for late tax payment

A dying man’s terminal illness is not an excuse for paying his tax late, according to a tribunal.

Matthew Roper was diagnosed with a terminal brain tumour, following a collapse in July 2011. He did not pay tax due on the 31 January 2012 deadline and received three penalties.

Mr Roper appealed against the […]

Child Tax Benefit Charge

By |October 2nd, 2014|Uncategorized|Comments Off on Child Tax Benefit Charge

The Child Benefit is a valuable tax-free gift from the Government.

The benefit is withdrawn for high earners via the above charge on the tax return.

Unless you have chosen not to receive it, the charge applies where one parent has income over £50,000, with the benefit being completely lost for those earning £60,000.

Our clients’ […]

VAT invoices

By |October 2nd, 2014|Uncategorized|Comments Off on VAT invoices

Last month we referred you to our helpful guide to VAT: “Common Pitfalls”.

On the same theme, following a European Court case in May 2013, HMRC can refuse a claim for VAT on a purchase invoice that is incomplete.

Worryingly, this applies even if you obtain the missing information at a later date.

They […]

Stinky friend

By |July 8th, 2014|Uncategorized|Comments Off on Stinky friend

One of our clients paid us a visit recently with a small pet carrier.

We couldn’t resist peeking in and we found a SKUNK!

Apparently they are the “new thing” in pets.

His name was Squirt but fortunately for the office, he didn’t whilst he was with us!

Getting younger?

By |July 8th, 2014|Uncategorized|Comments Off on Getting younger?

None of us are! And at some point we have to start considering that taboo subject of potential inheritance Tax liability on our estates.

Very broadly speaking, there is nil rate band on net value up to £325,000 per person. The rate thereafter is 40%.

A married couple can expect to automatically share twice that limit, […]

RTI – interest and penalties

By |July 8th, 2014|Uncategorized|Comments Off on RTI – interest and penalties

RTI has been with us for a while now. Interest charges already apply and penalties are on their way.

Interest

Employers who pay their PAYE deductions late are subject to a new, automatic, interest-charging regime. Interest is added automatically to the employer’s tax account. It is now possible to set up access to your HMRC individual […]

The secret of association

By |July 8th, 2014|Uncategorized|Comments Off on The secret of association

From 1 April 2015 the small profits rate will be unified with the main rate, so there will be only one Corporation Tax rate for non-ring fence profits – set at 20%.

The disappearance of the marginal rate of Corporation Tax will mean that if there is a commercial logic for separating business activities into […]

We’re into the cup final!

By |April 14th, 2014|Uncategorized|Comments Off on We’re into the cup final!

The ladies at our sponsored hockey team beat Yateley 1-0 last week in the Hampshire Cup semi finals. This means they are off to meet the Trojans at Haslmere on the 5th of May. We wish you all the luck in the world ladies!

What a great achievement!

 

Bayliss Ware RG Racing Superkart Team

By |April 3rd, 2014|Uncategorized|Comments Off on Bayliss Ware RG Racing Superkart Team

We are pleased to announce RG Racing and Bayliss Ware have partnered up to support each others business activities.

RG Racing is a small family run race team that is currently involved in F1, F3000, F3, Formula Renault, Formula Ford, European Touring Cars, BTCC, DTM, World Sidecar’s, Motocross, Superbike’s, ERC / International Rallying and […]

A very special client

By |April 2nd, 2014|Uncategorized|Comments Off on A very special client

Andrew Matheson has been a client since 1996. Andrew is a  local optometrist whose practices Matheson Optometrists are located in Hampshire, along with a group of other UK Eyecare professionals, collectively known as Returning Vision, visited Malawi this summer.

During 5 days of intensive eye examinations, over 2000 people were tested. For many Malawi […]

Winchester ladies Hockey Club

By |April 2nd, 2014|Uncategorized|Comments Off on Winchester ladies Hockey Club

Here’s the girls of Winchester Hockey Club’s Ladies First Team Hockey Club who we have been sponsoring since October 2013. We’d like to congratulate them in finishing second in the league

Employment intermediaries and ‘false self-employment’

By |December 17th, 2013|Autumn statement|Comments Off on Employment intermediaries and ‘false self-employment’

The Government will amend existing legislation to prevent employment intermediaries being used to avoid employment taxes by disguising employment as self-employment.

The Government will consult on strengthening existing legislation to ensure the correct amount of tax and NIC are paid where the worker is, in effect, employed. The legislation will be amended with effect from […]

CGT changes

By |December 17th, 2013|Autumn statement|Comments Off on CGT changes

The current rates of CGT are 18% to the extent that any income tax basic rate band is available and 28% thereafter.

The rate for disposals qualifying for Entrepreneurs’ Relief is 10% with a lifetime limit of £10 million for each individual.

CGT annual exemption

The CGT annual exemption is £10,900 for 2013/14 and will be increased […]

Employer NIC for the under 21s

By |December 17th, 2013|Autumn statement|Comments Off on Employer NIC for the under 21s

Note from the Autumn Statement : From April 2015 the Government will abolish employer NIC for those under the age of 21.

This exemption will not apply to those earning more than the Upper Earnings Limit, which is £42,285 per annum for 2015/16. Employer NIC will be liable as normal beyond this limit.

Employment intermediaries and ‘false self-employment’

By |December 17th, 2013|Autumn statement|Comments Off on Employment intermediaries and ‘false self-employment’

Autumn Statement : The Government will amend existing legislation to prevent employment intermediaries being used to avoid employment taxes by disguising employment as self-employment.

The Government will consult on strengthening existing legislation to ensure the correct amount of tax and NIC are paid where the worker is, in effect, employed. The legislation will be amended […]

Partnerships with mixed membership

By |December 17th, 2013|Autumn statement|Comments Off on Partnerships with mixed membership

As part of the Autumn Statement it was announced there would be new anti-avoidance measures introduced which will affect partnerships, including LLPs.

The measures apply where the partners or members include both individuals and non-individuals (mixed membership partnerships).

Most commonly the non-individuals will be company members of the partnership. There will be two areas potentially affected:

where […]

Community Amateur Sports Club (CASC) tax relief

By |December 17th, 2013|Autumn statement|Comments Off on Community Amateur Sports Club (CASC) tax relief

Part of the Autumn Statement was about the Community Amateur Sports Club (CASC) scheme.

This provides a number of tax reliefs, similar to those available to charities, to support amateur sports clubs. For example an individual can make a donation to a CASC as Gift Aid.

The Finance Bill 2014 will include provisions to extend corporate […]

Transferable tax allowance – for some

By |December 17th, 2013|Autumn statement|Comments Off on Transferable tax allowance – for some

In October the Government announced that from April 2015 married couples and civil partners may be eligible for a new Transferable Tax Allowance.

The Transferable Tax Allowance will enable spouses and civil partners to transfer a fixed amount of their personal allowance to their spouse.

The option to transfer will be available to couples where neither […]

Full summary of the Autumn Statement, 5th December

By |December 7th, 2013|Autumn statement|Comments Off on Full summary of the Autumn Statement, 5th December

2013 Autumn Statement

On Thursday 5 December the Office for Budget Responsibility (OBR) published its updated forecast for the UK economy.

Chancellor George Osborne responded to that forecast in a statement to the House of Commons later on that day.

In the period since the Budget in March a number of consultation papers and discussion documents have […]

RTI Queries

By |June 3rd, 2013|Uncategorized|Comments Off on RTI Queries

With HMRC’s Real Time Information (RTI) reporting now in full swing we have had a few queries from clients as to when to submit an Employer Payment Summary (EPS).

 

You only have to submit an EPS if the amount you are paying to HMRC is different from what they are expecting, due to SSP, SMP,  […]

Glimmer of recovery

By |June 3rd, 2013|Uncategorized|Comments Off on Glimmer of recovery

You may have seen in the media that The Bank of England has upgraded its economic growth forecast and said that inflation should fall faster than previously predicted., which brings with it a much needed glimmer of hope to UK businesses. The UK economy returned to meagre – but better than forecast – growth […]

Racing on

By |June 3rd, 2013|Uncategorized|Comments Off on Racing on

The wind may have been blowing, but the rain held off, and we all had a great day at Castle Coombe in Wiltshire. It was Ben’s third race of the season, and he earned a very respectable 4th on the day. It was great to see Ben in action, and we all came away […]

Bridging funding

By |June 3rd, 2013|Uncategorized|Comments Off on Bridging funding

Solent Local Enterprise Partnership – Bridging the Gap Funding – is a remarkable new initiative to help new start ups and growth businesses in Portsmouth, Gosport and Havant areas.

The Partnership has just announced its now taking applications from SME´s to apply for grants of between £5,000 and £50,000. This funding forms part of […]

Phishing warning

By |June 3rd, 2013|Uncategorized|Comments Off on Phishing warning

It´s come to our attention that there is a widespread phishing scam that you may have seen or may receive as it´s doing the rounds of emails in the UK.

The emails appear to be from HM Revenue & Customs advising recipients that they have a tax refund waiting to be paid. There is an […]

Snow start for Ben Willshire

By |April 15th, 2013|Uncategorized|Comments Off on Snow start for Ben Willshire

As superkarts and super starts go, we’re delighted to be part of both in our sponsorship of driver Ben Willshire.

On a snow swept Darley Moor race track last week he opened his 2013 National Superkart campaign 10th on the grid from 23 starters after qualification.

His Bayliss Ware sponsored Superkart was up against not just […]

Football fine dining

By |April 15th, 2013|Uncategorized|Comments Off on Football fine dining

It’s always great to be invited to something a little special and Perry and Dennis were lucky enough to be the guests of Barclays Bank recently at the League Managers Association dinner.

Held at the Ageas Rosebowl, the evening’s speakers were soccer legends Glen Hoddle and Steve Coppell. They entertained diners with some fantastic stories […]

The right records

By |April 15th, 2013|Uncategorized|Comments Off on The right records

You wouldn’t be the first person to get to the start of the new tax year and ask us what tax records you need to keep?

We have the simple answers below but it’s quite a confusing area so if you are in any doubt, please drop us and email and we will confirm what […]

Baby News!

By |April 15th, 2013|Uncategorized|Comments Off on Baby News!

We may still be waiting on Spring to arrive but luckily our baby arrivals were perfectly on time. We are excited to let you about these two new bundles of joy for Matt and Dennis Junior, named Cora Rose Hills and Jenson Denny Ware.

Both dads are both back in the office – slightly worse […]

Fight of the Night

By |April 15th, 2013|Uncategorized|Comments Off on Fight of the Night

As we mentioned in our last newsletter, our new client Brad ‘One Punch’ Pickett, had his first fight of the year on 6th April. Did any of you watch it? If not then it was exceptionally good news on the night. Not only did Brad win his fight, he was also awarded ‘Fight of […]

Real Time Information

By |April 15th, 2013|Uncategorized|Comments Off on Real Time Information

The start of the new tax year just a few weeks ago also meant the start of the Real Time Information (RTI) reporting required We’ve provided advice  previously for our clients on this new scheme which now requires payroll information to be notified to HMRC at or before the point that staff are paid.

If […]

Bank lending drops

By |March 18th, 2013|Uncategorized|Comments Off on Bank lending drops

It’s still not great news for small businesses looking for loans.

Despite drawing £13.8bn from the government’s Funding for Lending scheme, banks and building societies have still cut loans to businesses and households by nearly £2bn in the first five months of the scheme’s operation.

The government is trying a number of approaches to try and […]

Cold conquest

By |March 18th, 2013|Uncategorized|Comments Off on Cold conquest

You may remember that we sponsored the world record breaking boat Sailrocket, Paul Larsen (Director and pilot of Sailrocket) was not content with breaking the world speed sailing record last year. Recently he took part in the ‘Shackleton Epic’ expedition. This incredibly tough expedition set out to re-trace the 800 nautical mile voyage to […]

2nd homes for HMRC

By |March 18th, 2013|Uncategorized|Comments Off on 2nd homes for HMRC

HMRC recently launched a new campaign to target people who sold second homes without declaring any profits made to the taxman. The campaign is aimed at anyone selling property in the UK or abroad where capital gains tax should be paid. This usually applies to any property that is not your main place of […]

Knock out Tax Advice

By |March 18th, 2013|Uncategorized|Comments Off on Knock out Tax Advice

One of our newest clients is Brad ‘One Punch’ Pickett. Brad is a talented mixed martial arts fighter in the UFC. Bayliss Ware will be sponsoring his first fight of the year in Stockholm, Sweden. Keep an eye out on ESPN for the fight on 6 April as our logo will be appearing on […]

Racing to Success

By |March 18th, 2013|Uncategorized|Comments Off on Racing to Success

We are delighted to announce an exciting sponsorship deal we have just signed in the motor racing world, with Ben Willshire of RG Racing UK. We are pleased to be supporting Ben in his bid to win the 2013 BSA Superkart Championship – we’ll let you know how he’s getting on once the season […]

Changes to AIA

By |February 21st, 2013|Uncategorized|Comments Off on Changes to AIA

As mentioned in our previous summary of the Autumn Statement, the chancellor announced major changes to the Annual Investment Allowance (AIA) as of 1 January 2013. We now have put together a detailed factsheet on this, and how it will affect businesses. You can download a copy of the factsheet here and anyone wanting […]

New arrivals

By |February 21st, 2013|Uncategorized|Comments Off on New arrivals

There must be something in the water here at Bayliss Ware, with two babies due within 8 weeks of each other! Matt and Dennis (Junior)’s wives are expecting, in fact Matt’s baby should have arrived by the time you read this newsletter.

We wish them both luck and hope they are geared up for the […]

Tax paid twice?

By |February 21st, 2013|Uncategorized|Comments Off on Tax paid twice?

Some taxpayers who used Santander’s BillPay to pay their tax on 31 January were mistakenly charged twice. A technical glitch in Santander’s systems lead to the error that meant thousands of tax payers paid their self assessment tax twice.

HMRC have announced that they have already started paying back those who were affected, and that […]

Banking scandal

By |February 21st, 2013|Uncategorized|Comments Off on Banking scandal

Following a review by the FSA into interest rate swap agreements sold to small businesses, they found that 90% failed to meet regulatory requirements and that a significant proportion of customers should get compensation.

The banks have been accused of selling “absurdly complex products” by the Financial Services Authority. Following these findings a detailed review […]

HMRC PAYE changes

By |February 21st, 2013|Uncategorized|Comments Off on HMRC PAYE changes

Employers who make a payment to HM Revenue & Customs (HMRC) by one of these methods will need to amend the details of the HMRC account you pay into.

Bacs Direct Credit
Faster Payments by online/telephone banking
CHAPS

Payments will be made to a single bank account from April 2013. From month 01 of the 2013-14 tax year […]

PPI tax payments

By |January 22nd, 2013|Uncategorized|Comments Off on PPI tax payments

Claims for mis-sold Payment Protection Insurance have been on going for some time now, with total payouts rising into the millions. However, complaints to the Financial Ombudsman Service in connection with this have been much higher than expected. Its total work load is expected to rise by as much as 45%, prompting them to […]

Residence tests

By |January 22nd, 2013|Uncategorized|Comments Off on Residence tests

HMRC have announced that legislation will be introduced in the Finance Bill 2013 to put the rules which determine an individual’s tax residence on a statutory basis.  The new statutory residence test will come into force from the start of the 2013/14 tax year.

The new legislation includes circumstances such as the situation where a […]

Statutory Payments

By |January 22nd, 2013|Uncategorized|Comments Off on Statutory Payments

HMRC have announced the following statutory payment rates for 2013/14. These rates are still subject to Parliamentary approval and will be confirmed by HMRC before the start of the new tax year.

Statutory Maternity Pay (SMP)
£136.78 per week

Ordinary Statutory Paternity Pay (OSPP)
£136.78 per week

Additional Statutory Paternity Pay (ASPP)
£136.78 per week

Statutory Adoption Pay (SAP)
£136.78 per week

Statutory […]

Deadline looms

By |January 22nd, 2013|Uncategorized|Comments Off on Deadline looms

It’s that time of year again! January 31st looms on the horizon and brings  with it the deadline for filing Self Assessment Tax Returns online. While we are busy working away on those clients who have already provided information, it’s not too late to get information to us. If you still need to complete […]

Start-Up Loans

By |January 22nd, 2013|Uncategorized|Comments Off on Start-Up Loans

Good news for 18-30 year olds who can now benefit from start up loans of up to £2,500 originally introduced by the Government in May 2012. Young entrepreneurs can now seek financial support to start their own businesses as the loans have been extended to this younger age group. Take up of these loans […]

Parties for Employees

By |December 18th, 2012|Uncategorized|Comments Off on Parties for Employees

With the season for office parties in full swing we thought it would be a good idea to remind you of the tax implications. The good news is that, unlike entertaining customers, the costs of entertaining employees are generally allowable against the profits of the business.

But what about the tax consequences for the employees […]

A bit of a Twit?

By |December 18th, 2012|Uncategorized|Comments Off on A bit of a Twit?

The social media site Twitter has failed to file its UK accounts with Companies House on time – meaning they have incurred late filing penalties. The company has yet to comment on its failure to file its accounts – but you can be assured that many others will be casting speculation, no doubt using […]

Will Child Benefit changes affect you?

By |December 18th, 2012|Uncategorized|Comments Off on Will Child Benefit changes affect you?

From 7 January 2013 new changes introduced mean that anyone earning over £50,000 will have to pay a tax charge on any Child Benefit they receive. There is a tax charge of 1% of the Child Benefit for each £100 of income between £50,000 and £60,000. The charge for taxpayers with income above £60,000 […]

2012 Autumn Statement

By |December 18th, 2012|Uncategorized|Comments Off on 2012 Autumn Statement

Despite it feeling like the middle of winter, according to the Government December is the time for them to issue their Autumn Statement. The Chancellor announced a number of tax measures in addition to some of the more normal economic measures. We have a detailed summary available on our website that focuses on: changes […]

Season’s greetings

By |December 18th, 2012|Uncategorized|Comments Off on Season’s greetings

We would like to wish all our readers a very Merry Christmas and a Happy New Year. During the festive period our offices will be closed from 1pm on Christmas Eve and will re-open in the New Year on 2 January 2013.

Apathy Rules OK?

By |November 15th, 2012|Uncategorized|Comments Off on Apathy Rules OK?

It’s not OK! We see many businesses put off from applying for finance as they assume they will be turned down by banks. This is not necessarily the case. Similarly bank charges and merchant facility fees often go completely unchallenged. This apathy is not good for business and to counter it, we have an association with […]

Real Time Information a Big Time Headache?

By |November 15th, 2012|Uncategorized|Comments Off on Real Time Information a Big Time Headache?

The requirement to provide Real Time Information (RTI) to HMRC is looming large on the horizon. Don’t let it become a distraction and a headache. We can quote to take on your payroll processing to ensure that RTI is a simple affair and put simply, our fees  are surprisingly affordable. Alternatively we can supply Sage Payroll Software to […]

Xero-ing in on easier bookkeeping

By |November 15th, 2012|Uncategorized|Comments Off on Xero-ing in on easier bookkeeping

We’re on cloud nine since embracing the cloud based bookkeeping software Xero and can see how it will benefit many of our clients. You can email invoices directly to customers (and add a link to be paid instantly!), capture expenses receipts via your mobile phone and much more. We recommend a move to the […]